The PPP loan application window opened today, Jan 15 for both first- and second-draw PPP forgivable loans (for community lenders with $1 billion or less in assets). Applications for large lenders will open on Tuesday, Jan 19.
The SBA and Treasury issued guidance on Jan. 6 for the new Paycheck Protection Program, which is similar to the prior PPP with some key differences. You can read a more detailed analysis here.
As a member of the BDO Alliance USA, we are pleased to provide access to the recording and presentation slides for this recent webinar PPP Loan Changes: Forgiveness, Additional Loans, Employer Retention Credit, and More. Click here to go to the webinar registration page. Note: If you have not yet set up a BDO profile, you will need to do that first here. Enter your contact information and make sure to check the box “Are you an independent member or a client of an independent member of the BDO Alliance USA?” On the webinar page, you will see a tab that says RECORDING AND MATERIALS. If you have any issues, please email firstname.lastname@example.org.
The SBA also announced a $12 billion relief program to support qualifiying venues impacted by the pandemic, known as the “Save Our Stages” or SOS Grant Program. Stay tuned for more information when applications become available.